What year did the FASB take on the responsibility of developing generally accepted accounting principles (GAAP) Which body accepted the primary responsibility for the development of GAAP prior to the FASB Do you believe the FASB should continue to be the organization primarily responsible for the development of GAAP Why or why not?

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Generally accepted accounting principles are a bunch of standards that include the subtleties complexities and legalities of business and corporate bo... View the full answer